SCOPE Commercial Real Estate Services, LLC (SCOPE) is pleased to present the opportunity to acquire 649 N 15th Street, a newly renovated 6 unit multifamily asset with three parking spaces, located in Philadelphia's vibrant Spring Garden neighborhood. This 4,748-square-foot property, situated on a 2,500-square-foot lot, underwent comprehensive renovations in 2021… Read More and has five years remaining on its tax abatement. The building features six residential units, all thoughtfully designed with high-end finishes, including high ceilings, hardwood flooring, central air, and large windows that allow natural light to flood the interiors. 649 N 15th Street is strategically located within the Spring Garden neighborhood, offering residents convenient access to a variety of amenities. Public transportation options are abundant, with the Girard Station of the Broad Street Line and multiple SEPTA bus routes within walking distance, facilitating easy commutes to Center City and other parts of Philadelphia. Additionally, the property is close to Fairmount Avenue, known for its eclectic mix of restaurants, cafes, and shops, enhancing the urban living experience. Value-Add Potential: An analysis of the rent roll reveals a strong value-add opportunity. By increasing rents to market rates, the property could generate an additional 7.6% increase in rental income, presenting a compelling upside for investors. This offering presents a unique opportunity to acquire a stabilized, high-quality asset in one of Philadelphia's most desirable neighborhoods, with significant upside potential through rental growth and continued strong demand for well-appointed residential units. Read Less
Courtesy of Joe Loonstyn, Scope Commercial Real Estate Services, Inc. [email protected]
Listing Snapshot
Days Online
94
Last Updated
Property Type
Five Or More Units
Square Ft.
4,748
Lot Size
0.06 Acres
Year Built
2017
MLS Number
PAPH2439662
30 Days Snapshot Of 19130
$516k
+24%
(avg) sold price
31
+14%
homes sold
61
+48%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
4,651 net sqft, 4,748 total building sqft, Built in 2017, Masonry
Cooling
Central Air, Electric, Central A/C
Accessibility Features
Other
Heating
Natural Gas, Central
Lot
2,442 sqft, Lot Size Dimensions: 5.00 x 195.00, 0.06 acres
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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